EURGBP Daily DEMAND BUYLook to buy at 0.87654 for what could be a 7:1 RR depending on the risk. It already bounced but it will come back with plenty of buy orders still waiting.
Eurgbplong
EURGBP - Great R/R TRADE OPPORTUNITY!!!EURGBP - Great R/R TRADE OPPORTUNITY!!!
This pair did my head in yesterday, nearly get stopped out but I was disciplined and the patience paid off this morning waking up to green screen! That's the best feeling but everyday isn't like that. Don't get your emotions get to you whilst trading, I actually learnt this the hard way and I'm still working on that but you are who you bring to the market, there are great psychology books to help with this - if you are struggling message me privately I will be sure to give you trading reading list.
I got in at the lows of the formation, scaled in - Took 60% of partial profits got two more long positions in.
Technical aspects:
Pattern: Wedge
Support: 0.88240, 0.88100, 0.87960
Resistance: 0.88380, 0.88520, 0.88780, 0.89100
Fundamental aspects:
BoE TODAY - Focus on negative rates - I don't personally think they will go towards negative rates, vaccine roll out is positive, no further QE is really needed.
Don't forget to enter this trade idea, add your own trading plan towards it. Add further confluence.
Key tip: Be humble - There are so many ways to trade out there, but most important is if your way of trading is gaining capital - Keep Doing You!
Have a great Thursday!!
Trade Journal
(Just a trade idea, not a recommendation)
EURGBP bullish Monthly timeframe Hello everyone, eurgbp is targeting 1.0 incomming months, Monthly timeframe looks very bullish to me
EURGBP LongLong reasons:
-Ending diagonal
-Bullish engulfing candle
-61,8 Fibo correction on M15
-RR 1:3
Trade safe and simple🤓
EURGBP: A possible CHANNEL BREAKOUT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/GBP
⚪ Technical Analysis :
Since the beginning of January 2021, the price has been following an interesting descending channel, breaking through the S/R level at about 0.89300, getting many rejections on the support level at about 0.88100.
It is currently re-testing the same level and the next price action around that zone will be essential to understand the next market movement.
🔴 Conclusion :
The price seems to be not strong enough to break the current support zone.
I'm confident to see it getting one more rejection, moving up with a bullish impulse until the next S/R level at about 0.89200.
I'll be waiting for the breakout of its channel before planning my long position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
EURGBP long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURGBP ANALYSISEUR/GBP remains within this downwards trend channel, its bearish bias remains in place.
[Market Breakdown 2] EURGBPWEEKLY
We are sitting at a Weekly low zone as you can see.
Rejecting since June 2020 as support so pretty strong zone.
It's not only Support it's a clear Supply & Demand zone.
We have a -27 Fib completion, so we can expect a change of momentum.
These are all indications for a Long set-up.
EURGBP will go up now?The price already break the Lower High and High Level which tell me this is uptrend. And also if the price break and close above the trendline will also be confirm that this is an uptrend.
I see 2 choices to open the long position. Buy at retracement (the Red Zone) or buy instant (High-Risk).
This is just my personal opinion and idea. Please trade at your own risk.
EURGBP Have Yet To Breakout From Consolidation AreaLooking at EURGBP, we can see that price level has been moving within the support line @0.8896 and the resistance line @0.9085. With that, we managed to see instances where fakeout took placed with price level overextending out of this area. As of now, EURGBP has yet to show a strong BEARISH movement and might indicate that current movement might be a fakeout rather than a breakout. Instead, we managed to see price testing a weaker support @0.8833 and made a clean rejection from there. I am expecting price level to move back to the consolidation zone and continues moving sideway.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Bullish Bat PatternEURGBP BULLISH BAT PATTERN
Market Buy Order Set Up.
Buy Entry: (0.88371)
Min Take-Profit: (0.88678)
Max Take-Profit: (0.88871)
Stop-Loss: (0.88118)
Max Risk-Reward: (1.98)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EURGBP LONGlooking to take a Buy position at the 61.8% zone of the Fib retracement, with a SL below 0.88600
long eurgbpwave ii retraced almost 90% of wave i in an abc correction type. wave iii which is the strongest is expected to happen and furthermore high impact news will be released today
Possible move upwards over the next dayJust been taking a little look at EURGBP and can see a possible move upwards over the next 24 hours. If we break 0,89169. We seem to be in a range-bound area in a symmetrical triangle, I've spotted a few bullish pin bars which I have highlighted. I'm using these as some indication to a move upward.
There's a good risk-reward ratio here.
EURGBP 4hr inverted head and shoulderseurgbp is forming an inverted head and shoulders on 4hr chart and ill be looing for buys
